Fidelity’s Managed Giving Fund #2 Grantmaker: Who’d Have Thought?

The Nonprofit Quarterly online newsletter published an article recently on the Fidelity Charitable Gift Fund. The fund is managed by Fidelity Investments, a very large mutual fund organization in which you yourself may have a 401(K) or IRA.

Fidelity Charitable Gift Fund doesn’t decide who to send the money to but rather lets its investors tell the fund where and when to send cash. It also makes it easy to distribute money:  “Fidelity seems dedicated to a low barrier approach to its donor-advised funds, recently lowering the minimum level for a donor’s investment for setting up a fund down to $5,000,” says the article’s author, Rick Cohen. “It has, according to Libbey, also entirely eliminated any minimum level required for adding to a donor-advised fund and lowered the minimum size grant to $50.”

The fund distributed more than $1 billion last year. For more information, see Fidelity’s Charitable Gift Fund Shows Well in Recession.

Note: Vanguard and Schwab also offer managed gift funds. See Yes, you can start your own charitable gift foundation for more information.


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